[Wright is right!]

The funny thing is, I don't think this is a real REAL rally. I think it's being sustained to sucker some of the sidelined cash back into the market - and that profit-taking may quickly follow the elections. I think we still have one more big dip left this year.

Michael

[babble-on]

it feels phony to me as well, but politically it couldn't be happening at a better time. If it holds up for another week or two, we really might get the Senate.

[hinckley buzzard]

To me this appears to be a rather useful bear market rally, which will enable some people to cut losses and sell some dogs that they've had lurking around the yard.

Gutsy folks may want to go for some short term trades and a quick profit, or jump out and back into metals after the December low which is coming up for gold.

But I agree, there will be one more general downturn, may or may not be after the election--but then a post-election November-April rally to help us get healthy for next year's down leg as the bear returns with a vengeance in time for summer vacation.